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The Latest Breaking News from Deborah Elms

Asia scrambles to respond to Trump's sweeping Section 301 trade probes, which could pave the way for new tariffs

China calls the two new probes a "typical protectionist act." Malaysia said its U.S. trade deal was now "null and void."

Fortune

US, China talk trade amid threats over Russian oil, TikTok ban

US and Chinese officials to meet for second day in Spain as Trump threatens to target China’s oil purchases.

Al Jazeera

Trump touts a Vietnam trade deal victory—but details on transshipment and import pledges remain unclear

Trump said the U.S. will impose a 20% tariff on Vietnamese exports to the U.S. Goods transshipped through Vietnam will get 40%.

Fortune

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Trump’s ‘Liberation Day’ tariffs crash markets and send world leaders scrambling to respond

Tariffs are especially steep in Asia. Vietnam, a major beneficiary of shifting supply chains for electronics and clothing, got hit with a 46% tariff.

Fortune

Trump says he’ll be ‘kind’ on tariffs amid rollercoaster for global stocks

US president says tariffs announcement on April 2 will be a ‘rebirth’ as trade uncertainty roils stock markets.

Al Jazeera

Trump's China tariff shock sparks a global market sell-off

Deborah Elms, head of trade policy for the Hinrich Foundation, said: “I do not know anyone who anticipated another 10% tariff against China so soon."

Fortune

As Trump vows ‘no exceptions’ on tariffs, US allies hope to change his mind

Japan, South Korea and Australia are lobbying the mercurial US president for exemptions on tariffs.

Al Jazeera

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As Mexico and Canada hit back, China pulls punches on Trump’s tariffs

Analysts say Beijing hopes to seize moral high ground with referral of tariffs to World Trade Organization.

Al Jazeera

Donald Trump is about to relaunch his trade war with China—and create even more corporate upheaval in the process

During his first term, Trump's tariffs caused U.S. firms to flee China. Now comes Round 2, which will create new winners and losers.

Fortune

Asia’s export-driven economies brace for upheaval under Trump

Former US president’s proposals for sweeping tariffs threaten to hobble exports that drive the region’s growth.

Al Jazeera

Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt

“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”

Fortune

Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’

Analysts say countries like Malaysia and Thailand may want to hedge in a more polarized world and get better access to China and India.

Fortune

NZ eyes on US-led trade initiative as ministers meet

Meat is starting to go on the bones of an American economic framework, as NZ joins trade ministers to discuss the path ahead.

Newsroom.co.nz

China’s ‘new normal’ for Taiwan raises fears for global trade

Chinese state media says military exercises in crucial shipping route to become ‘regular’ event.

Al Jazeera

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news in one place.

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Al Jazeera

US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

Al Jazeera

US, China talk trade, supply chains as Biden weighs tariff cuts

United States Treasury Secretary Janet Yellen raises concerns about China’s ‘unfair, non-market’ economic policies.

Al Jazeera

WTO passes ‘unprecedented’ trade package after fraught talks

Agreement comes after failure to reach consensus on ending harmful fishing subsidies and waiving IP for COVID vaccines.

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